GHP Investment Advisors Inc. boosted its holdings in shares of F5 Networks (NASDAQ:FFIV) by 9.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,980 shares of the network technology company’s stock after buying an additional 430 shares during the quarter. GHP Investment Advisors Inc.’s holdings in F5 Networks were worth $653,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the stock. Zions Bancorporation raised its stake in F5 Networks by 16,733.3% during the third quarter. Zions Bancorporation now owns 1,010 shares of the network technology company’s stock valued at $122,000 after purchasing an additional 1,004 shares in the last quarter. Wealthstreet Investment Advisors LLC purchased a new stake in shares of F5 Networks in the fourth quarter valued at $236,000. Cadence Capital Management LLC purchased a new stake in shares of F5 Networks in the third quarter valued at $241,000. Sowell Financial Services LLC purchased a new stake in shares of F5 Networks in the fourth quarter valued at $276,000. Finally, Penserra Capital Management LLC raised its stake in shares of F5 Networks by 18.6% in the fourth quarter. Penserra Capital Management LLC now owns 2,380 shares of the network technology company’s stock valued at $312,000 after acquiring an additional 374 shares during the period. Hedge funds and other institutional investors own 94.33% of the company’s stock.
F5 Networks stock opened at $140.71 on Friday. F5 Networks has a 1 year low of $114.63 and a 1 year high of $153.91. The firm has a market capitalization of $8,869.11, a P/E ratio of 21.78, a P/E/G ratio of 2.16 and a beta of 1.06.
F5 Networks (NASDAQ:FFIV) last announced its earnings results on Wednesday, January 24th. The network technology company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.21. F5 Networks had a net margin of 19.79% and a return on equity of 35.98%. The company had revenue of $523.20 million for the quarter, compared to analysts’ expectations of $521.07 million. During the same quarter in the previous year, the company posted $1.98 EPS. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. equities analysts expect that F5 Networks will post 7.32 earnings per share for the current fiscal year.
Several brokerages have recently weighed in on FFIV. Zacks Investment Research raised shares of F5 Networks from a “hold” rating to a “buy” rating and set a $164.00 target price on the stock in a research note on Tuesday, March 13th. ValuEngine downgraded shares of F5 Networks from a “buy” rating to a “hold” rating in a research note on Saturday, March 10th. BidaskClub downgraded shares of F5 Networks from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 13th. Morgan Stanley raised their price target on shares of F5 Networks from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. Finally, DA Davidson reiterated a “buy” rating and set a $167.00 target price on shares of F5 Networks in a report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $140.55.
In related news, CEO Francois Locoh-Donou sold 1,675 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $142.85, for a total value of $239,273.75. Following the sale, the chief executive officer now directly owns 3,984 shares in the company, valued at approximately $569,114.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Andrew Reinland sold 1,995 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $144.83, for a total transaction of $288,935.85. Following the completion of the sale, the chief financial officer now owns 18,930 shares in the company, valued at $2,741,631.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,172 shares of company stock worth $7,274,542. Corporate insiders own 0.26% of the company’s stock.
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F5 Networks Profile
F5 Networks, Inc develops, markets, and sells application delivery networking products that optimize the security, performance, and availability of network applications, servers, and storage systems. The company's primary application delivery technology is Traffic Management Operating System (TMOS) that enable company's products to intercept, inspect, and act on the contents of traffic from virtually each type of Internet Protocol-enabled application.
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